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Florida HOA Laws 2024: Updates And Changes

HOA Managememt

Board members and community managers alike have a duty to ensure legal compliance. These bills affect both homeowners associations and condominium associations. They must also complete a state-approved condominium education course. HB 1021 For Condominium Associations Governor DeSantis signed HB 1021 into law on June 14, 2024.

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Condo and strata chargebacks

Condo Control

A condominium or strata may charge costs that it sustained because of an owner’s actions or omissions back to them through common expense fees. In Ontario, the Condominium Act explains when condo corporations can charge back costs to the common expenses of an owner. What are chargebacks? What costs can be charged back?

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HOA Reserve Study Requirements By State

HOA Managememt

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. The condominium disclosure statement must also include the most recent reserve study, as per Section 81-409. There are 13 states that require a reserve study or a reserve schedule for condo associations.

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AI In HOAs: Is It Good For The Industry?

HOA Managememt

As AI technology advances, its potential applications within HOA communities are growing. AI can also assist in ensuring compliance with legal requirements and regulations. For instance, condominiums in Florida must maintain a reserve fund. The industry’s future certainly looks promising.

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What is multifamily property management and what are the benefits?

MRI Software

The types of properties managed within this sector include condominiums (condos), townhouses, and any other residential buildings with multiple rentable units. Legal matters Property managers must be knowledgeable about landlord-tenant laws and fair housing regulations to keep the multifamily property in legal compliance.

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HOA Electric Car Charging Policy: Why Have One?

Mem Property Management

Establishing a written policy for how to handle charging stations will ensure consistent enforcement and compliance across the community. This policy should ask homeowners to fill up an application form and submit a detailed plan for the installation. After you have reviewed their application, the installation process may begin.

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HOA Political Signs Rules Per State

HOA Managememt

An association may regulate the size and number of political signs placed on a member’s property if the association’s regulation is not more restrictive than any applicable city, town, or county ordinance that regulates the size and number of political signs on residential property.